Touchstone Exploration (TSE:TXP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Touchstone Exploration Inc. (TSE:TXP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.61 and traded as low as C$0.57. Touchstone Exploration shares last traded at C$0.57, with a volume of 48,500 shares.

Touchstone Exploration Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03. The firm has a fifty day moving average price of C$0.58 and a 200 day moving average price of C$0.61. The firm has a market cap of C$137.13 million, a PE ratio of -7.25, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

Touchstone Exploration (TSE:TXP) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.01 EPS for the quarter. Touchstone Exploration had a negative return on equity of 18.11% and a negative net margin of 27.43%. The business had revenue of C$14.42 million for the quarter. As a group, equities research analysts expect that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current fiscal year.

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.